Cashflow Quadrant

Robert T. Kiyosaki , Sharon L Lechter

Physical

In Circulation

This is one of the best of the Rich Dad Poor Dad audios. The core idea in this series is that being an investor or business owner gives one more freedom and a higher upside than being someone else's employee or being an owner-operator of a business. With vivid personal stories, the authors show that many people, including the author's "poor" dad (an educational administrator), choose working for others because of insecurity or misguided trust in organizations.

One builds true financial freedom by accumulating assets that make money, especially rental property. Though others have offered this advice, it's clearer and more potent here, and worth listening to many times if your financial insecurity or complacency needs a push.

What will you learn from this book

  1. Four Quadrants: The book introduces four quadrants: Employee (E), Self-Employed (S), Business Owner (B), and Investor (I), each representing different mindsets and ways of earning income.

  2. Employee vs. Entrepreneurial Mindset: Contrasting the mindsets of individuals who work for others (E and S quadrants) versus those who create systems or invest money (B and I quadrants).

  3. Income Sources: Differentiates between active income (E and S quadrants) and passive income (B and I quadrants), emphasizing the importance of generating passive income for financial freedom.

  4. Financial Independence: Highlights the importance of moving from the left side of the quadrant (E and S) to the right side (B and I) for financial independence and wealth creation.

  5. Risk and Reward: Discusses the varying levels of risk and potential rewards associated with different quadrants, encouraging individuals to understand and manage risk effectively.

  6. Entrepreneurship: Encourages individuals to consider entrepreneurship and business ownership to create scalable income streams and achieve financial freedom.

  7. Investing Strategies: Explores different investment vehicles and strategies used by investors to grow their wealth and create passive income.

  8. Mindset Shift: Emphasizes the necessity of a mindset shift from being an employee or self-employed to thinking like a business owner or investor to achieve financial goals.

  9. Building Assets: Focuses on the importance of accumulating assets that generate income over time rather than relying solely on earned income from a job or self-employment.

  10. Financial Education: Stresses the need for ongoing financial education and learning to navigate the nuances of the different quadrants effectively.

Language English
ISBN-10 978-1612680064
ISBN-13 978-1612680064
No of pages 359
Font Size Medium
Book Publisher Perseus Books
Published Date 01 Sep 2011

About Author

Author : Sharon L Lechter

1 Books

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